Detailed text transcripts for TV channel - MSNBC - 20140205:01:24:00
Obamacare works is they give you a subsidy for an insurance plan. as you make more money, they take away more and more of the subsidy. this creates effectively a tax with people on low and moderate incomes. as they earn more money, they lose part of the subsidy. it adds on 5%, 10%, 15% to their tax rate. some people will work less. that's not a desirable economic effe effect. tweak the program to have less of that effect. any kinds of means tested entitlement plan -- >> any means testing in spitelement program, in a welfare program will have this incentive effect at the margins. it's a reason ...